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Oct 10, 2013
10/13
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ALJAZAM
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the republicans proposed raising the debt ceiling for six weeks. meanwhile wall street, wow, a rocketship-like ride today. the dow closing the day up 322 points. what a trading day. mike viqueira is at the white house for us. and mike, to the extent you can, put us in the room. in about 30 minute's time the president is going to meet with house republicans, what can we expect? >> it started today this morning. there is a glimmer of hope now tony. it's all vague, it's all taking shape, but the stock market reacting to the fact that for the first time in how long has it been, some two weeks, there is some wiggle room now on both sides of this of the house gop and here at the white house as well. a lot yet to be decided. a lot up in the air at this point, but there is a possibility, glimmer of hope that the end is in site at least for the next six weeks. that's what john boehner put in proposal today. a six-week extension of the debt limit. relatively clean, and evidently it is still being written and changed, but john boehner emerged from that meetin
the republicans proposed raising the debt ceiling for six weeks. meanwhile wall street, wow, a rocketship-like ride today. the dow closing the day up 322 points. what a trading day. mike viqueira is at the white house for us. and mike, to the extent you can, put us in the room. in about 30 minute's time the president is going to meet with house republicans, what can we expect? >> it started today this morning. there is a glimmer of hope now tony. it's all vague, it's all taking shape, but...
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Oct 12, 2013
10/13
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MSNBCW
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they used to be all about raising the debt ceiling, but their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. that was how their message changed this week. now, the coch brothers funded the americans for prosperity group. they want the government shut down. they do not want to raise the debt ceiling. they want none of that. so, for them, it is not particularly about obama care. it's not really about obama care for them. but they are definitely willing to hit the debt ceiling for all the other stuff they want. at least they have stayed the same. they're funded by the coch brothers. they've been funding basically all of the groups that have been demanding a government shutdown. they've spent over $2 hundred million in a year. on these groups that have been pushing for a government shutdown over obama care. but this wee
they used to be all about raising the debt ceiling, but their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. that was how their message changed this week. now, the coch brothers funded the americans for prosperity group. they...
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ceiling raised or not . why is this getting any traction i'm sorry that's sounds crazy to me. because the whole debt ceiling debate is crazy basically you know you have the government's balance sheet which has liabilities that are either in bonds or more and some other form and what we're saying in terms of the debt ceiling is that when the government issues liabilities in this particular form that is bonds that circulate in the public we don't like that and therefore we're going to hold that constant what the platinum coin does is it shows that this is just a you know it's a it's a false narrative it's sort of an artificial constraint in order to keep government from spending too much money but isn't that constrained i mean if you're going to have one person that agrees with you as a former fed official an economist joseph gagnon i've actually interviewed him before he was quoted in washington post saying i like it there is nothing that's obviously economically problematic about it talking about this trilli
ceiling raised or not . why is this getting any traction i'm sorry that's sounds crazy to me. because the whole debt ceiling debate is crazy basically you know you have the government's balance sheet which has liabilities that are either in bonds or more and some other form and what we're saying in terms of the debt ceiling is that when the government issues liabilities in this particular form that is bonds that circulate in the public we don't like that and therefore we're going to hold that...
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Jan 14, 2013
01/13
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FOXNEWSW
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the debt ceiling doesn't get raised by itself. it has to be done. so they understand, it's not a popular step, as the president's own vote against it shows. they are trying to detract spending cuts as a price for that. the president accuses them of leading the blame for the blind and leaving chirp in the cold. this is a partisan brawl. >> he said they're suspicious of medicare and -- >> programs to make sure chirp have enough to eat. that is a remarkably harsh charge. >> quickly on the gun issue. by the tone with those answers, did you sense that there is a scaled back version of what we think we'd see? >> gun control proven in recent times to be remarkably dangerous issue for democrats. repeatedly gotten them political trouble. the passion and devotion of people who care about this will come and vote against you. even if you're wrong on that and right on everything else. real intensity. what happens in these things is there is some event with support in people and larm majority of the public for major new gun control but it tends to dissipate over
the debt ceiling doesn't get raised by itself. it has to be done. so they understand, it's not a popular step, as the president's own vote against it shows. they are trying to detract spending cuts as a price for that. the president accuses them of leading the blame for the blind and leaving chirp in the cold. this is a partisan brawl. >> he said they're suspicious of medicare and -- >> programs to make sure chirp have enough to eat. that is a remarkably harsh charge. >>...
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Oct 12, 2013
10/13
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MSNBC
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their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. now, the coch brothers funded the mirnes for prosperity group. they want the government shutdown. they do not want to raise the debt ceiling. they want none of that. so, for them, it is not particularly about obama care. it's not really about obama care for them. but they are definitely willing to hit the debt ceiling for all the other stuff they want. at least they have stayed the same. they're funded by the coch brothers. they've been funding basically all of the groups that have been demanding a government shutdown. they funded heritage action, afp, all the tea party groups. shut down the government, right? shut down the government, it's all about obama care. they've spent over $2 hundred million in a year. on thes
their message has been do not raise the debt ceiling. this week though, the club for growth also announced look away if republicans do decide to raise the debt ceiling, so it's still not about obama care, but now, their new message, we want lots of nonobama care related things, but don't hit the debt ceiling on our account. now, the coch brothers funded the mirnes for prosperity group. they want the government shutdown. they do not want to raise the debt ceiling. they want none of that. so, for...
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Oct 16, 2013
10/13
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KCSM
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it would see the debt ceiling raised until february and see the government funded until mid- january which would end the u.s. pgovernment shutdown. they are working on a completely different flan and are still trying to tie this tax closely related to obamacare to the raising of the debt ceiling. >> we met with our members today to try to find a way forward in a bipartisan way that would continued to try to provide fairness to the american people under obamacare. there have been no decisions about what exactly we will do. but we will continue to work with members on both sides of the aisle to make sure that there is no issue of default. >> some very angry reactions to this new plan coming out of the republican party in the house. harry reid says that the plan and the attempts to negotiate have been completely blindsided by this house proposal and says this is a blatant attack on bipartisanship. >> including six world powers including the u.s. and france. iran had made a useful presentation on its nuclear program and the deputy foreign minister said the talks have been positive. >> th
it would see the debt ceiling raised until february and see the government funded until mid- january which would end the u.s. pgovernment shutdown. they are working on a completely different flan and are still trying to tie this tax closely related to obamacare to the raising of the debt ceiling. >> we met with our members today to try to find a way forward in a bipartisan way that would continued to try to provide fairness to the american people under obamacare. there have been no...
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Oct 4, 2013
10/13
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LINKTV
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if the debt ceiling is not raised before october 17, the country could default for the first time in history. potential disaster for the global economy but the u.s. treasury warns of a recession worse than the economic crisis in 2008. meanwhile, some domestic papers have been released showing a car chase in central washington that forced the closure of the capital. gunshots were fired after a female driver apparently tried to cross security barricades at capitol hill in her car. this is the second major security breach in the last three weeks. french president franÇois holland has paid homage to veterans and followed soldiers that freed corsica from nazi occupation years ago. this has paid an unusual tribute to moroccan veterans who helped liberate the island of corsica. >> here in casablanca northwest morocco, is a soldier and a survivor. the 98-year-old is one that the last surviving of the troops who fought for france in the two world wars. >> metals are all that man has to remember years of military service, the last traces of avery in combat. -- of bravery in combat. >> those w
if the debt ceiling is not raised before october 17, the country could default for the first time in history. potential disaster for the global economy but the u.s. treasury warns of a recession worse than the economic crisis in 2008. meanwhile, some domestic papers have been released showing a car chase in central washington that forced the closure of the capital. gunshots were fired after a female driver apparently tried to cross security barricades at capitol hill in her car. this is the...
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government shutdown ends as america escapes default by way sky but the debt ceiling raise has some worry for that have time for you has only been delayed. he. says and he's hit take on the police as thousands hit the streets to battle the anger at the government's new austerity loaded budget. also this week i love a huge spike in radiation levels at fukushima as readings in a storage tank will rise by thousands of times in just a day. and what's behind the barbed wire gone tunnel they don't see gets unique access inside the notorious prison. we've heard about it like several movies but you don't really it's just a place that people forget about like they don't never think about it. this stuff will be dissension come to the point of why they've taken the trouble. the latest news on the week's top stories this is the weekly hero in all she was me thanks for joining us. it was a near miss from default to america this week just as the nation was about to run out of cash congress sealed a last minute deal to reopen the government and push the debt ceiling ever higher so the whole world watche
government shutdown ends as america escapes default by way sky but the debt ceiling raise has some worry for that have time for you has only been delayed. he. says and he's hit take on the police as thousands hit the streets to battle the anger at the government's new austerity loaded budget. also this week i love a huge spike in radiation levels at fukushima as readings in a storage tank will rise by thousands of times in just a day. and what's behind the barbed wire gone tunnel they don't see...
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Oct 2, 2013
10/13
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KCSM
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felt if it goes beyond that deadline of raising the debt ceiling in two weeks. some are already feeling the bite. william reports. >> while democrats and republicans battled in washington, tourists visiting the most famous civil war battleground in gettysburg, pennsylvania, had little sympathy. >> when you plan a vacation for 6, 9, to 12 months, and you come to the locatn you want to visit, and you cannot visit it, it is upsetting. >> from the new york statue of liberty to the california alcatraz prison and yellowstone in wyoming, it is not just the tourists it affects but the employees working at the national parks. >> either 24 or 48 hours. if not, we will have to close down. >> more than 800,000 federal employees face unpaid leave. some agencies are sending home up to 95% of their staff, which will also have an effect on nearby businesses. >> i am living day to day, so i am praying. >> people hav got to live. they have to make a living. they are making a living. it is all crazy. >> crazy or not, only congress can resolve their differences and get back to work
felt if it goes beyond that deadline of raising the debt ceiling in two weeks. some are already feeling the bite. william reports. >> while democrats and republicans battled in washington, tourists visiting the most famous civil war battleground in gettysburg, pennsylvania, had little sympathy. >> when you plan a vacation for 6, 9, to 12 months, and you come to the locatn you want to visit, and you cannot visit it, it is upsetting. >> from the new york statue of liberty to the...
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Oct 12, 2013
10/13
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ALJAZAM
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the debt ceilings, i'm talking about raising the debt ceiling. harry reid said the negotiations on that front are over. he said the republicans were talking to the president, but that has now stopped, and so basically it's all eyes on the senate. it's all down to the senate. the republican caucus in the house seem to acknowledge these comments and they also, according to unnamed sources, you can guess who they are, all the usual candidates, basically there are no negotiations going on and the republicans in the senate should stand firm on their principles. of course, it's not that they want to see the debt ceiling not raised or that there is a potentially economic crisis coming. but they have their principle. they don't want to see more government spending. in the senate there is a vote taking place right now on raising the debt ceiling. they need 60 votes, and here is dick durban, the democrat from illinois who doesn't any a single republican is going to join the democrats. >> today at noon on the floor of the united states senate there is going
the debt ceilings, i'm talking about raising the debt ceiling. harry reid said the negotiations on that front are over. he said the republicans were talking to the president, but that has now stopped, and so basically it's all eyes on the senate. it's all down to the senate. the republican caucus in the house seem to acknowledge these comments and they also, according to unnamed sources, you can guess who they are, all the usual candidates, basically there are no negotiations going on and the...
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Oct 21, 2013
10/13
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FOXNEWSW
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debt ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pay expenses that medicare doesn't cover and lets you choose or keep any doctor who accepts medicare patients. call or go online and request your free decision guide. use this guide to help you choose from a range of aarp medicare supplement insurance plans. have the right partner at your side. consider an aarp medicare supplement insurance plan. go long. consider an aarp medicare supplement insurance plan. when you do what io, iyou think about risk.. i don't like the ups and downs of the market, but i can't just
debt ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by...
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Jan 15, 2013
01/13
by
FBC
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eye 68
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triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure markets that washington is going to do more to stabilize the budget. maybe that -- gerri: it makes into the pipe. they did it -- did not to say there are going to downgraded if we did not like the debt ceiling prices go away. they also said the current outlook is likely to be resolved even if another debt ceiling crisis is averted. they want to see spending cut. now, do you think that the markets would go to town if there was some bi
triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative...
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Oct 12, 2013
10/13
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ALJAZAM
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now it's all eyes on the senate when it comes to raising the debt ceiling. here's what he had to say. >> i was happy to see the republicans engaged in talks with the president. that's over with. it's done. they're not talking any more. we learned that this morning. i say to my friends on the republican side of the senate, time is running out. >> reporter: time is running out, he says. that's harry reid. republicans seemed to concur a little bit with that. they said that they feel that the discussion has finished now with the white house, and it is all eyes on the senate regarding raising the debt ceiling and urge republicans in the senate to stand and be strong on their principles. of course it's not like anyone wants the debt ceiling not to be raised, and cause an economic collapse around the world. but republicans don't want any more government spending, at least in part raising the debt ceiling fall noose that. that's why they're being urged to stand strong. the senate will stay in recess until harry reid concludes some time today. >> i know you have more
now it's all eyes on the senate when it comes to raising the debt ceiling. here's what he had to say. >> i was happy to see the republicans engaged in talks with the president. that's over with. it's done. they're not talking any more. we learned that this morning. i say to my friends on the republican side of the senate, time is running out. >> reporter: time is running out, he says. that's harry reid. republicans seemed to concur a little bit with that. they said that they feel...
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Jan 5, 2013
01/13
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MSNBCW
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and then say you don't want to raise the debt ceiling. you can't make those match. >> what's going on? you make a very good point. what's the ideology behind those folks? >> well, it is ideology, but also just -- essentially extortion. what they are trying to do, and been trying to do this, use the debt ceiling or basically black mail leverage they have to strip the social safety net in the country, to privatize social security, privatize medicaid, medica medicare. ith not about fiscal sanity. we can reach fiscal sanity. we have been working very well toward that. but this is all about ideology and philosophy. >> you called speaker boehner courageous for sending the fiscal cliff bill to the floor. you know speaker boehner saw republican defections in the speaker vote this week, he has favored heavy criticism from tea partiers and others. do you suspect similar courage from boehner in the weeks ahead? >> i think he wants to be krajuous. it's really horrible when an example of bipartisanship causes such consternation in one party. boehner w
and then say you don't want to raise the debt ceiling. you can't make those match. >> what's going on? you make a very good point. what's the ideology behind those folks? >> well, it is ideology, but also just -- essentially extortion. what they are trying to do, and been trying to do this, use the debt ceiling or basically black mail leverage they have to strip the social safety net in the country, to privatize social security, privatize medicaid, medica medicare. ith not about...
137
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Oct 16, 2013
10/13
by
ALJAZAM
tv
eye 137
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in january and the debt ceiling raised in february. but the deal in the senate is not the end of the political story. the deal must pass both chambers of the congress and there is still a lot of opposition in the house of representatives. the politicians on capitol hill have 11 hours before risking u.s. debt. thithis is called www.u.s. www.u.s.debtclock.org , and it's a page of numbers. to show you the national housekeeping, you can see the federal debt and the federal spending in red at $3.5 trillion. we're live over in washington so we're talking about a plan that has been put forward. it has to win approval, so what is the likelihood of that? >> reporter: well, the likelihood that it will pass in the senate very, very high. that's a chamber that is dominated by democrats, and this is where this deal was reached between the top republican and the top democrats. there is no question about this deal passing in the senate. the question has always been whether or not it will pass in the house. now, real indicator is the outcome of this m
in january and the debt ceiling raised in february. but the deal in the senate is not the end of the political story. the deal must pass both chambers of the congress and there is still a lot of opposition in the house of representatives. the politicians on capitol hill have 11 hours before risking u.s. debt. thithis is called www.u.s. www.u.s.debtclock.org , and it's a page of numbers. to show you the national housekeeping, you can see the federal debt and the federal spending in red at $3.5...
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Jan 14, 2013
01/13
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CNNW
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raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. there's one way to deal with it, and that is for congress to authorize me to pay for those items of spending that they have already authorized. and, you know, the notion that republicans in the house or maybe some republicans in the senate would suggest that in order for us to get our way on our spending priorityies, that e would risk the full faith and credit of the united states, that, i think, is not what the founders intended. that's not how, i think, most americans think our democracy should work. they've got a point of view. democrats in congress have a point of view. they need to sit down and work out a compromise. [ inaudible ] yeah. >> and you're not negotiating on the debt c
raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. there's one way to deal with it, and that is for congress to authorize me to pay for those items of spending that they have already...
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Oct 8, 2013
10/13
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ALJAZAM
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ceiling. >> you can't pay all the bills if congress doesn't raise the debt ceiling. these are not new. this is paying old bills. it would be like someone saying i ran up my credit card and decided not to pay it. you can't do that. the united states government is too important to the world. our currently is the world reserve currenty. >> reporter: economist predicts without a solution a default of loans could cause the dollar to plummet. hurting the economy. that could trickle down to consumer loans from credit cards to student loans and the stock markets to plunge. all of this could risk a great oh global recession. it would also be the first ever intentional default of debt in u.s. history. >> joining us in studio jill, a financial adviser with new state partners. a london based firm that advises governments on finances issues. and in london, chairman of the european movement in the u.k. a former adviser to the u.k. parliament e.u. committee and charles, professor of international affairs at georgetown university and senior fellow at the council of foreign relations
ceiling. >> you can't pay all the bills if congress doesn't raise the debt ceiling. these are not new. this is paying old bills. it would be like someone saying i ran up my credit card and decided not to pay it. you can't do that. the united states government is too important to the world. our currently is the world reserve currenty. >> reporter: economist predicts without a solution a default of loans could cause the dollar to plummet. hurting the economy. that could trickle down...
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137
Oct 14, 2013
10/13
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CNBC
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the debt ceiling and end the government shutdown. health care was the best-perfuming sector. the dow started the session sharply lower but staged a midday turnaround as reports on progress on the negotiations came in. we also want to show you the russell 2000 index of small cap stocks which hit another all-time high thanks to a resurgence in momentum names. the bond market was closed for columbus day. >> big russell 2000, usually very bullish. jim lacamp joins us. let's pick up where seema mody left off. russell 2000, new all-time high. what's that mean? >> it's good news. you look at the russell and the mid caps, they're setting new highs. this market looks like it wants to go higher. the first thing to do is pay attention to the market. i think the market will go higher between now and the end of the year. we have performance-chasing issues. i think bonds are a risky investment. investors don't know what to do with them. the federal reserve is being painted into a second corner because of the one that they created but now because o
the debt ceiling and end the government shutdown. health care was the best-perfuming sector. the dow started the session sharply lower but staged a midday turnaround as reports on progress on the negotiations came in. we also want to show you the russell 2000 index of small cap stocks which hit another all-time high thanks to a resurgence in momentum names. the bond market was closed for columbus day. >> big russell 2000, usually very bullish. jim lacamp joins us. let's pick up where...
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Oct 5, 2013
10/13
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KCSM
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will not default on its debt, that the debt ceiling will be raised, as it has 47 times in the past, and that at the end of the day the republicans will blink. john boehner does not want this on his sheet. what is extraordinary about this to the observer is how far these republican extremists are willing to go, just to bring the spotlight on them and to supposedly prove to the people who sent him to washington that they are there to do with they were elected to do, which is to stop obamacare, which is what they are doing. they are holding the budget and they are holding the debt ceiling hostage to try and get this law defunded. >> when he woke up tuesday morning, the whole world is ending, this is terrible. the first time in 17 years. the markets closed this friday -- are going to close slightly up. it seems as though wall street does not seem that worried. >> they are worried more about the debt ceiling not being raised on the 17. they are concerned about that. as time goes on and we get closer to october 17, if there is still this great gap between these two sides of the house and the
will not default on its debt, that the debt ceiling will be raised, as it has 47 times in the past, and that at the end of the day the republicans will blink. john boehner does not want this on his sheet. what is extraordinary about this to the observer is how far these republican extremists are willing to go, just to bring the spotlight on them and to supposedly prove to the people who sent him to washington that they are there to do with they were elected to do, which is to stop obamacare,...
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government shutdown comes to an end as america default by a whisker with the debt ceiling raised some worried that catastrophe is only being delayed. the. protesters in italy take on the police as thousands hit the streets to vent their anger at the government's new austerity loaded budget. also this week. out of new clear a huge spike in radiation levels at fukushima as readings in a story rise by thousands of times in just a day.
government shutdown comes to an end as america default by a whisker with the debt ceiling raised some worried that catastrophe is only being delayed. the. protesters in italy take on the police as thousands hit the streets to vent their anger at the government's new austerity loaded budget. also this week. out of new clear a huge spike in radiation levels at fukushima as readings in a story rise by thousands of times in just a day.
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Oct 14, 2013
10/13
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MSNBCW
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whether or not we raise a debt ceiling. you have a proposal to raise it for six weeks, a proposal to raise it to the end of january, and you have a third one where it takes it to the end of the year. second, you have a group that wants to push it out to the end of january and another group wants to push it out for a few months later. when we look back we're going to wonder how on earth could the president and others not come to some agreement when you have plausible, attainable kind of goals in front of us. two, the economy is ready to take off. you saw last week the market exploded. the biggest single gain the day of the year once it looked like a deal was within reach. last week reports demonstrated that america is now the number one interview produced in the world, about to take russia in natural gas and petroleum products, which means higher paying jobs. americans want to work. they want to get beyond this moment. it seems for those who are outside of this, and i'm not as close to washington as i was before, a deal is w
whether or not we raise a debt ceiling. you have a proposal to raise it for six weeks, a proposal to raise it to the end of january, and you have a third one where it takes it to the end of the year. second, you have a group that wants to push it out to the end of january and another group wants to push it out for a few months later. when we look back we're going to wonder how on earth could the president and others not come to some agreement when you have plausible, attainable kind of goals in...
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Jan 15, 2013
01/13
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CSPAN
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the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotiations are looming. would you characterize that as an additional cliff that is facing us? or do you think it
the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in...
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Jan 14, 2013
01/13
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FOXNEWSW
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put the responsibility on me to raise the debt ceiling. >> four top democrats that he should take it. sending a letter to the president. you have to take lawful steps to make sure the america doesn't trigger a global crisis. that is different story from seven years ago when the same four, each of them, voted against raising the debt limit. byron york has hit his limit. i think that is called hypocrisy which seems to be our theme but what do you make of it? >> that is one word you are hearing a lot. not only did they vote against it. harry reid, dick durbin, charles schumer and patty murray plus their fellow senators barack obama and joe boel in 2006 voted against increasing the debt limit. what senator obama said, it was very serious argument about how borrowing was killing america. the money spent on interested was taking money away that that could be spent on infrastructure disaster relief. the money we borrowed from foreign countries was making us vulnerable to the whims of foreign leaders whose prerogatives is not the same as ours. borrowing weakenings us and i will not vote to in
put the responsibility on me to raise the debt ceiling. >> four top democrats that he should take it. sending a letter to the president. you have to take lawful steps to make sure the america doesn't trigger a global crisis. that is different story from seven years ago when the same four, each of them, voted against raising the debt limit. byron york has hit his limit. i think that is called hypocrisy which seems to be our theme but what do you make of it? >> that is one word you...
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Oct 11, 2013
10/13
by
ALJAZAM
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. >> republicans offered a short term deal, raise america's debt ceiling for six weeks in exchange for discussions on other financial issues. the white house didn't immediately dismiss the deal, wanted a longer deal with no strings attached. >> i think the president said if they were to send them a clean debt ceiling extension, no strings attached he would sign it. >> the meeting came just hours after the u.s. secretary said failure to raise the debt sealing -- ceiling is just a week away from running out of money. since then it's been taking what the treasury said were extraordinary measures to pay its bills. that will all stop on october 17th. mr. lew says it has to pay interest on its debt and if it can't pay its bills, the u.s. in default. >> unfortunately today we face a manufactured political crisis that is beginning to deliver an unnecessary blow to the economy right when the united states economy and the american people have painstakingly fought back since the worst recession since the great depression. >> the u.s. falling into default would have what the report would call a ca
. >> republicans offered a short term deal, raise america's debt ceiling for six weeks in exchange for discussions on other financial issues. the white house didn't immediately dismiss the deal, wanted a longer deal with no strings attached. >> i think the president said if they were to send them a clean debt ceiling extension, no strings attached he would sign it. >> the meeting came just hours after the u.s. secretary said failure to raise the debt sealing -- ceiling is just...
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Oct 15, 2013
10/13
by
LINKTV
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at the ceiling is not raised by thursday, a default on u.s. debt payments could come as early as november 1. that leaves washington was just -- with just two days to keep the money flowing. >> in south africa for day 2 of the state is ms.. business was at the heart of day one with contracts and energy and -- today the french president is in soweto. mark, thank you so much for joining us. tell us about the second day of the french president's visit. >> very symbolic and very emotional day. he visited nelson mandela's former house where he lived before he was jailed. he came out a few minutes ago and said he was very moved because the house embodied nelson mandela's fight for equality but also represented his absence during all those years -- decades, i should say in jail. more emotion when he visited the museum -- the schoolboy, 13 years old who was killed by south african police in 1976 here in soweto, prompting really riots that probably changed the face of south africa years later. he visited the museum -- and he was clearly very moved by pi
at the ceiling is not raised by thursday, a default on u.s. debt payments could come as early as november 1. that leaves washington was just -- with just two days to keep the money flowing. >> in south africa for day 2 of the state is ms.. business was at the heart of day one with contracts and energy and -- today the french president is in soweto. mark, thank you so much for joining us. tell us about the second day of the french president's visit. >> very symbolic and very...
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ceiling raise has some worry the catastrophe has only been delayed. protesters and the police. vent their anger at the government's new austerity loaded budget. also this week when i see. a huge spike in radiation levels at fukushima. storage tank rise by thousands of times in just a day.
ceiling raise has some worry the catastrophe has only been delayed. protesters and the police. vent their anger at the government's new austerity loaded budget. also this week when i see. a huge spike in radiation levels at fukushima. storage tank rise by thousands of times in just a day.
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Oct 11, 2013
10/13
by
CNN
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the debt ceiling? >> no, wolf, everything is on the table. we're trying to put a lot of things on the table to get the government open, to make sure that the debt ceiling's extended and to get our economy moving again, and of course, obama care is one of those things that's holding our economy back. obviously there's a lot of big issues we want to address to get the economy moving again so that american families that were struggling before the shutdown are able to actually -- >> when the dust settles and there's no reference at all to obama care, will you vote to reopen the government and raise the debt ceiling? if there's no mention of obama care in the legislation whatsoever? >> obviously i want to see what a deal is. >> say there's no reference to it at all. what happens? >> i don't deal in hypotheticals but we're pushing to get the problems of obama care addressed. what about just fairness? the fact that president obama himself exempted members of congress from this law, if it's so good, shouldn't
the debt ceiling? >> no, wolf, everything is on the table. we're trying to put a lot of things on the table to get the government open, to make sure that the debt ceiling's extended and to get our economy moving again, and of course, obama care is one of those things that's holding our economy back. obviously there's a lot of big issues we want to address to get the economy moving again so that american families that were struggling before the shutdown are able to actually -- >>...
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Oct 4, 2013
10/13
by
ALJAZAM
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. >> the government shut down is bad enough but failure to raise the debt ceiling would be far worse and could very seriously damage not only the u.s. economy but also the entire global economy. >> reporter: if the u.s. defaults on its debt some possible outcomes. [bell ringing] stock markets panic and the value of the dollar plummets and making everything in the u.s. expensive slowing recovery and irene foster says that puts other country's currencys at risk. >> where will capital flow because we are higher risk and brazil are attracted to the global market. so capital might suddenly know from the u.s. to brazil which then will cause currency issues and so on in counties like that because it tends to flow as hot money and flows fast and quickly and so countries often recover fast enough when that happens. >> reporter: all of the dire predictions come with one caveat, everyone says they think that is what will happen but they don't know because it never happened before. other countries have defaulted on their debt but they were not the world's largest economy. patty with al jazeera,
. >> the government shut down is bad enough but failure to raise the debt ceiling would be far worse and could very seriously damage not only the u.s. economy but also the entire global economy. >> reporter: if the u.s. defaults on its debt some possible outcomes. [bell ringing] stock markets panic and the value of the dollar plummets and making everything in the u.s. expensive slowing recovery and irene foster says that puts other country's currencys at risk. >> where will...
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May 21, 2013
05/13
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CSPAN2
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now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the problem. and just getting a new credit card, jacking up the debt ceiling with no spending reforms, no structural reforms, no pro-growth reforms is a mistake, it's the wrong path. a senator: will the senator yield for a question? mr. cruz: i will yield. mrs. boxer: here's the question. the people in my state are saying the same thing. roll up your sleeves and attack the problems, because guess what? i remember when this budget was balanced when bill clinton was president. it took literally a few months before george w. bush gave a tax break and put it on the credit card, two wars on the credit card and
now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the...
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Jan 15, 2013
01/13
by
KOFY
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the debt ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide if they really want to stand their ground on this issue at the risk of economic down tivrnlt i think a lot has to do yes tea party you want to make a case is this the time to do it and right way to do it. that i think is boehner responsibility to explain that to his caucus members. my unitsing that's what he's planning to do over the next couple days. >>reporter: tea party express issued a statement saying it's completely irresponsible for the president of the united states to demagog this issue. the president will have big opportunity to speak to the nation on this if he chooses t t
the debt ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide...